Report Update May 1, 2025

Republic of Korea - Fresh or Chilled Pig Meat - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Market for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases 2025

Market Size for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Republic of Korea

In 2022, the South Korean market for fresh or chilled pig meat other than cuts or carcases increased by 16% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a resilient increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Exports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Exports from Republic of Korea

For the third year in a row, South Korea recorded growth in shipments abroad of fresh or chilled pig meat other than cuts or carcases, which increased by 43% to X tons in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 3,529%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of fresh or chilled pig meat other than cuts or carcases surged to $X in 2022. Overall, exports recorded significant growth. The growth pace was the most rapid in 2015 with an increase of 5,726% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Hong Kong SAR (X tons) was the main destination for exports of fresh or chilled pig meat other than cuts or carcases from South Korea, accounting for a approx. 100% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR stood at +153.9%.

In value terms, Hong Kong SAR ($X) also remains the key foreign market for fresh or chilled pig meat other than cuts or carcases exports from South Korea.

From 2014 to 2022, the average annual growth rate of value to Hong Kong SAR amounted to +126.1%.

Export Prices by Country

In 2022, the average export price for fresh or chilled pig meat other than cuts or carcases amounted to $X per ton, which is down by -6.2% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by 61% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2014 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to -10.9% per year.

Imports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Imports into Republic of Korea

In 2022, purchases abroad of fresh or chilled pig meat other than cuts or carcases increased by 11% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of fresh or chilled pig meat other than cuts or carcases skyrocketed to $X in 2022. In general, imports recorded a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 50%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Canada (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of imports of fresh or chilled pig meat other than cuts or carcases to South Korea.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +7.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), the United States ($X) and Mexico ($X) constituted the largest fresh pork other than cuts or carcases suppliers to South Korea.

Among the main suppliers, Canada, with a CAGR of +9.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for fresh or chilled pig meat other than cuts or carcases amounted to $X per ton, with an increase of 6.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2014 when the average import price increased by 16%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fresh or chilled pig meat other than cuts or carcases in the world?

The countries with the highest volumes of in 2021 were Germany, Italy and Spain, with a combined 44% share of global consumption. Poland, France, the Netherlands, the UK, Japan, Denmark, Romania, Austria and the Czech Republic lagged somewhat behind, together comprising a further 42%.

What are the largest producers of fresh or chilled pig meat other than cuts or carcases in the world?

The countries with the highest volumes of in 2021 were Germany, Spain and Italy, with a combined 53% share of global production. These countries were followed by France, Poland, the Netherlands, Denmark, Canada, the UK, the United States, Austria, Belgium and Sweden, which together accounted for a further 40%.

What are the leading suppliers of fresh or chilled pig meat other than cuts or carcases to Republic of Korea?

In value terms, the largest fresh pork other than cuts or carcases suppliers to South Korea were the United States, Canada and Mexico, together accounting for 89% of total imports. Chile, Germany and Spain lagged somewhat behind, together accounting for a further 9.8%.

What are the leading importers of fresh or chilled pig meat other than cuts or carcases from Republic of Korea?

In value terms, Hong Kong SAR remains the key foreign market for fresh pork other than cuts or carcases exports from South Korea, comprising 64% of total exports. The second position in the ranking was occupied by Ireland, with a 29% share of total exports.

What is the average export price for fresh or chilled pig meat other than cuts or carcases in Republic of Korea?

The average export price for fresh or chilled pig meat other than cuts or carcases stood at $5,381 per ton in 2021, dropping by -18.1% against the previous year.

What is the average import price for fresh or chilled pig meat other than cuts or carcases in Republic of Korea?

In 2021, the average import price for fresh or chilled pig meat other than cuts or carcases amounted to $4,925 per ton, surging by 4.6% against the previous year.

This report provides an in-depth analysis of the market for fresh pork other than cuts or carcases in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10111290 - Fresh or chilled pig meat (including fresh meat packed with salt as a temporary preservative, excluding carcases and halfcarcases, h ams, shoulders and cuts thereof with bone in)

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Producing Animals Slaughtered, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024